Deceased Estates Policy
Our Deceased Estates Policy outlines the steps and procedures that we take for the release of funds after the death of a trading account holder.
In the event of a death of a trading account holder, please notify us as soon as possible. You may inform us via email or phone and as soon as we are notified, we will freeze any sole accounts the trading account holder has with us (joint accounts will continue to operate as normal).
In order to release funds from the trading account, we require the following documents:
– A certified/notarised copy of the Account Holder’s Will
– A certified/notarised copy of the Death Certificate
– A certified/notarised copy of the Grant of Probate (if applicable)
– Proof of your identity (as executor of the will), in the form of a certified copy of a Passport or Driver’s Licence
– Details of the account which the funds are to be transferred to
Once we receive all the required documentation, we will process the funds to be released to the designated account within 2 working days.
Please keep in mind submission of incomplete documentation will result in a delay to the release of funds.
Once the funds have been released, we will proceed to close the account immediately if the account is in a sole name.
Level 6, 360 Collins Street
Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with EightCap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). A Product Disclosure Statement (PDS) and a Financial Services Guide (FSG) for our products are available to download from our Legal Documentation page. You must assess and consider them carefully before making any decision about using our products or services.
EightCap is a registered business name of EightCap Pty Ltd (ABN 73 139 495 944). We are regulated by the Australian Securities & Investments Commission (ASIC) - our AFSL number is 391441. This licence authorises us to provide financial services to people in Australia.
The information on this website is of a general nature only and is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. EightCap is not a financial adviser, and does not issue advice, recommendations, or opinion in relation to acquiring, holding or disposing of a margined transaction. We provide general advice only and accordingly you should consider how appropriate the advice (if any) is to your objectives, financial situation and needs before acting on the advice.